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Data Breach Coverage

Risk Transfer: Managing 3rd Party Relationships

Introduction: Case Scenarios – A painter’s scaffold collapses resulting in severe injury to the painter and a pedestrian. The painter had no insurance. The building owner is held liable for all losses. – A cabinet installer puts a long screw into a wall. It punctures a water pipe causing water damage. The installer’s insurance policy was not renewed. The homeowner’s insurance company sues and recovers the damages from the cabinet retailer who recommended the installer. – A small motor manufacturer, to get the business of a big new customer, agrees to sign a contract which the customer requires of all… Read More »Risk Transfer: Managing 3rd Party Relationships

Medical Identity Theft

What is medical identity theft? How can it put a patient in jeopardy? How are data breaches involved? Healthcare fraud is costing American taxpayers up to $234 billion annually, based on estimates from the FBI. One form of healthcare fraud, known as medical identity theft, has its own staggering statistics: 1.42 million Americans were victims of medical identity theft in 2010, according to a 2011 study on patient data privacy and security by the Ponemon Institute. The report estimates the annual economic impact of medical identity theft to be $30.9 billion. The harm medical identity theft causes patients is often… Read More »Medical Identity Theft

Cheesy for some Papa John’s

Fireman’s Fund has opened the door to a new eligible risk and franchise for Paperless Insurance! The franchise’s ‘Better Ingredients,  Better Pizza” has made them infamous but their esteemed reputation and recognized leadership practices has made them our goal! Papa John’s Pizza now eligible in Paperless Insurance’s national Pizza Operators Insurance Program. Our program is written on a Business Owners Policy (BOP), which includes Business Personal Property with Tenants Improvements and Betterments, Business Real Property (if insured owns the building) and Business Liability. The BOP also includes Data Compromise, Crisis Management, Food Contamination, and Identity Recovery. Other coverages available in most states include Non-Owned Auto, Hired Auto, Owned Auto, Excess Liability, Liquor Liability, Workers Compensation, Employee Benefits Liability, Employment Practices Liability and Payment… Read More »Cheesy for some Papa John’s

Not All Data Breach Coverages Created Equal

Nearly all companies and healthcare practices that handle or store any personally identifiable information, customer and patient or employee data are at risk for a data breach. The possibility is especially high for businesses that routinely deal with credit cards, patient medical records, Social Security numbers and other sensitive information. The number of data breach occurrences is on the rise, and the regulatory requirements that need to be satisfied when a breach occurs can be significant. Further, Small Business Owners have a deep sense of responsibility to their employees and customers. When a breach occurs, trust is violated, putting these… Read More »Not All Data Breach Coverages Created Equal

Paperless Insurance Now Offers Coverage in New York

SAN FRANCISCO-based independent insurance brokerage Paperless Insurance Services (PIS INC), Inc. has started offering business insurance products in the State of New York, PIS INC announced Thursday. PIS INC will be using their website as the marketing and underwriting base in the State if New York CFO Diana Motseniat said in her announcement. Paperless Insurance also announced that it is in the process of starting operations in the State of Texas. “Starting operations in New York is vital to the continued expansion of our U.S. platform to complement our strong position and build a truly unified small business insurance platform,”… Read More »Paperless Insurance Now Offers Coverage in New York

Reduce Cyber Risk and Data Breach – Change Password

One way to help lower personal and business cyber risk is to avoid using easy-to-crack passwords. SplashData, a password management application maker, recently compiled a list of the 25 worst passwords for the year 2011. The research results were based on millions of actually stolen passwords that were made available online. Having tough-to-guess passwords may not necessarily deter sophisticated, determined hackers. But they do make it much more difficult for amateur cyber thieves to breach online accounts. Avoid any of the passwords for the below list: 1. password 2. 123456 3. 12345678 4. qwerty 5. abc123 6. monkey 7. 1234567… Read More »Reduce Cyber Risk and Data Breach – Change Password

Eleven Cybersecurity Tips for Small Businesses

Broadband and information technology are powerful factors in small businesses reaching new markets and increasing productivity and efficiency. However, businesses need cybersecurity tools and tactics to protect themselves, their customers, and their data from growing cyber threats. Here are ten key cybersecuritytips for businesses to protect themselves: 1. Train employees in security principles Establish basic security practices to protect sensitive business information and communicate them to all employees on a regular basis. Establish rules of behavior describing how to handle and protect customer information and other vital data. Clearly detail the penalties for violating business cybersecurity 2. Protect information, computers and… Read More »Eleven Cybersecurity Tips for Small Businesses

Data Breach Coverage For Small Businesses

While data breaches at large companies continue to dominate the headlines, breaches involving smaller businesses are also on the rise. According to a 2011 report from Verizon Business of more than 760 data breaches analyzed in 2010, nearly two-thirds involved businesses with fewer than 100 employees. The Hartford has expanded its portfolio of cyber risk coverage with data breach protection designed specifically for smaller businesses. Get a quote now The Hartford’s data breach offering is available as an endorsement to the company’s Spectrum business owner’s policy. It provides coverage for expenses and legal liability resulting from a data breach. It… Read More »Data Breach Coverage For Small Businesses